Clive Palmer's media adviser and confidant Andrew Crook has been granted bail after being charged over the alleged unlawful detention and coercion of a National Australia Bank executive on an Indonesian island.

Crook and former senior Queensland detective Mick Featherstone were arrested during raids in Brisbane and on the Gold Coast on Friday morning.

They were charged with attempting to pervert the course of justice, retaliation against a witness, attempted fraud and obstructing the course of justice in a case involving the alleged unlawful detention and coercion of the NAB executive.

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Appearing in the Brisbane Magistrates Court on Friday afternoon, Crook was ordered to surrender his passport, not to approach an international airport and to have no contact with his co-accused.

Featherstone, a Gold Coast-based private detective at the centre of a year-long probe by Queensland's Crime and Corruption Commission into money laundering and police corruption, was also granted bail on the same conditions.

He said a third man, understood by the ABC to be multi-millionaire property developer and former Sydney Swans player Tony Smith, would return from Indonesia to face charges in Australia.

NAB executive allegedly threatened after being lured to Indonesian island

The ABC understands Queensland Police will allege Crook and Mr Smith were involved in a January 2013 attempt to coerce a witness in a $70 million civil case involving Mr Smith to recant his evidence, using subterfuge and threats of violence.

Police have been investigating claims Crook and Mr Smith lured the witness, an employee of the National Australia Bank, to Singapore and on to Batam Island in Indonesia using the pretence of a possible job offer from Clive Palmer.

It will be alleged that once on Batam Island, the witness was strip-searched, threatened and forced to make a statement recanting his evidence.

Section 12 of the Queensland Criminal Code allows for prosecutions for offences overseas where they would be considered crimes in Australia.

Clive Palmer calls raids a 'black day for Australia'

Crook and Featherstone were held during morning raids at addresses in the Brisbane suburb of New Farm and Upper Coomera on the Gold Coast.

Crook was then taken to his Brisbane CBD office where police carried out further searches.

Officers also raided another Brisbane premises and seized documents.

Mr Palmer is not thought to have had any involvement in, or knowledge of the plot.

The federal MP arrived at Crook's office during the raid and said he knew nothing of the allegations.

But he suggested the police actions could be politically motivated.

"I don't know very much other than to say that Crook Media and Andrew Crook are responsible for all our media in Australia, was responsible for the Palmer United Party winning the last federal election," he said.

"And of course, the LNP, the Liberal Government - Campbell Newman and Tony Abbott - don't like the opposition we've been giving them in the Senate, they don't like that sort of thing.

"I think this is a black day for Australia if any of this, which I don't know anything about at the moment, has anything to do with political freedom in this country.

"I think it's very important that there's freedom of speech in Australia, that there's diversity of opinion. I'm personally very concerned because Mr Crook is our media adviser and if they wanted to attack me or our party they can do that."

Crook has long relationship with tycoon-turned-MP Palmer

Brisbane-based Crook has been Mr Palmer's media adviser and spokesman since before the tycoon entered politics.

Since becoming a federal MP, Mr Palmer has retained the services of Crook and his PR firm, Crook Media, to handle his political media relations.

Mr Smith made his fortune in the tourism industry after his AFL career.

Since 2009 he has been embroiled in legal action against the National Australia Bank, claiming the bank caused him to lose $70 million at the height of the global financial crisis.

He began building the biggest mansion on the Gold Coast, on Hedges Avenue at Mermaid Beach, but was later forced to sell it unfinished and at a loss.

Mr Smith then shifted his businesses to Bali, where he has developed luxury holiday accommodation. He also has interests in New Zealand and has re-invested in Gold Coast real estate in the past couple of years.

It is understood detectives from the Queensland police anti-bikie taskforce Maxima stumbled on evidence of the alleged January 2013 plot earlier this year while investigating Featherstone and his links to bikies, to former and serving police officers and his involvement with online betting syndicates on the Gold Coast.

Superintendent Niland told reporters the ABC story had caused further information to come forward and triggered the investigation of the three men by Taskforce Maxima.

Queensland's Office of Fair Trading (QOFT) this week renewed Featherstone's private investigator's licence, which had expired in October. It also renewed the licence held by his PI firm, Phoenix Global.

The office of Queensland Attorney-General Jarrod Bleijie, which oversees the QOFT, told the ABC it had conducted the required criminal history checks and could find no reason to deny Featherstone or his firm a licence.

But a spokesman for the QOFT today said that in the light of the charges it was now required to issue Featherstone with a "show cause" notice as to why his PI licence should not be suspended pending the outcome of court proceedings.